XML 30 R21.htm IDEA: XBRL DOCUMENT v3.22.2.2

INVESTMENT SECURITIES (Tables)

9 Months Ended

Sep. 30, 2022

Investments, Debt and Equity Securities [Abstract]

Amortized Cost and Fair Value of Available-for-Sale Securities

The following table sets forth certain information regarding the amortized cost basis and fair values of our investment securities AFS and held-to-maturity ("HTM"): 

			At September 30, 2022
(in thousands)			Amortized cost						Gross unrealized gains						Gross unrealized losses						Fair value
AFS
Mortgage backed securities ("MBS"):
Residential			$	208,807					$	—					$	(9,817)					$	198,990
Commercial			68,706						—						(9,834)						58,872
Collateralized mortgage obligations ("CMOs"):
Residential			489,223						12						(36,021)						453,214
Commercial			97,886						—						(7,025)						90,861
Municipal bonds			498,665						121						(70,589)						428,197
Corporate debt securities			36,733						—						(2,971)						33,762
U.S. Treasury securities			23,092						—						(3,265)						19,827
Agency debentures			3,999						5						—						4,004
Total			$	1,427,111					$	138					$	(139,522)					$	1,287,727
HTM
Municipal bonds			$	3,099					$	—					$	(101)					$	2,998

			At December 31, 2021
(in thousands)			Amortized cost						Gross unrealized gains						Gross unrealized losses						Fair value
AFS
MBS:
Residential			$	32,905					$	396					$	(338)					$	32,963
Commercial			62,094						933						(235)						62,792
CMOs:
Residential			186,703						2,012						(1,321)						187,394
Commercial			135,102						1,890						(333)						136,659
Municipal bonds			516,693						24,154						(924)						539,923
Corporate debt securities			18,918						699						(1)						19,616
U.S. Treasury securities			23,348						—						(173)						23,175
Total			$	975,763					$	30,084					$	(3,325)					$	1,002,522
HTM
Municipal bonds			$	4,169					$	136					$	—					$	4,305

Amortized Cost and Fair Value of Held-to-Maturity Securities

The following table sets forth certain information regarding the amortized cost basis and fair values of our investment securities AFS and held-to-maturity ("HTM"): 

			At September 30, 2022
(in thousands)			Amortized cost						Gross unrealized gains						Gross unrealized losses						Fair value
AFS
Mortgage backed securities ("MBS"):
Residential			$	208,807					$	—					$	(9,817)					$	198,990
Commercial			68,706						—						(9,834)						58,872
Collateralized mortgage obligations ("CMOs"):
Residential			489,223						12						(36,021)						453,214
Commercial			97,886						—						(7,025)						90,861
Municipal bonds			498,665						121						(70,589)						428,197
Corporate debt securities			36,733						—						(2,971)						33,762
U.S. Treasury securities			23,092						—						(3,265)						19,827
Agency debentures			3,999						5						—						4,004
Total			$	1,427,111					$	138					$	(139,522)					$	1,287,727
HTM
Municipal bonds			$	3,099					$	—					$	(101)					$	2,998

			At December 31, 2021
(in thousands)			Amortized cost						Gross unrealized gains						Gross unrealized losses						Fair value
AFS
MBS:
Residential			$	32,905					$	396					$	(338)					$	32,963
Commercial			62,094						933						(235)						62,792
CMOs:
Residential			186,703						2,012						(1,321)						187,394
Commercial			135,102						1,890						(333)						136,659
Municipal bonds			516,693						24,154						(924)						539,923
Corporate debt securities			18,918						699						(1)						19,616
U.S. Treasury securities			23,348						—						(173)						23,175
Total			$	975,763					$	30,084					$	(3,325)					$	1,002,522
HTM
Municipal bonds			$	4,169					$	136					$	—					$	4,305

Investment Securities in an Unrealized Loss Position

Investment securities AFS that were in an unrealized loss position are presented in the following tables based on the length of time the individual securities have been in an unrealized loss position:

			At September 30, 2022
			Less than 12 months												12 months or more												Total
(in thousands)			Gross unrealized losses						Fair value						Gross unrealized losses						Fair value						Gross unrealized losses						Fair value
AFS
MBS:
Residential			$	(9,164)					$	195,834					$	(653)					$	1,964					$	(9,817)					$	197,798
Commercial			(9,182)						56,380						(652)						2,476						(9,834)						58,856
CMOs:
Residential			(29,963)						407,507						(6,058)						22,157						(36,021)						429,664
Commercial			(5,731)						83,623						(1,294)						7,238						(7,025)						90,861
Municipal bonds			(62,825)						391,637						(7,764)						24,560						(70,589)						416,197
Corporate debt securities			(2,971)						33,692						—						—						(2,971)						33,692
U.S. Treasury securities			(745)						4,693						(2,520)						15,134						(3,265)						19,827
Total			$	(120,581)					$	1,173,366					$	(18,941)					$	73,529					$	(139,522)					$	1,246,895
HTM
Municipal bonds			$	(101)					$	2,998					$	—					$	—					$	(101)					$	2,998

			At December 31, 2021
			Less than 12 months												12 months or more												Total
(in thousands)			Gross unrealized losses						Fair value						Gross unrealized losses						Fair value						Gross unrealized losses						Fair value
MBS:
Residential			$	(38)					$	5,324					$	(300)					$	2,406					$	(338)					$	7,730
Commercial			(235)						18,127						—						—						(235)						18,127
CMOs:
Residential			(1,007)						53,068						(314)						7,116						(1,321)						60,184
Commercial			(135)						14,806						(198)						5,132						(333)						19,938
Municipal bonds			(914)						64,237						(10)						1,058						(924)						65,295
Corporate debt securities			(1)						3,164						—						—						(1)						3,164
U.S. Treasury securities			(173)						23,175						—						—						(173)						23,175
Total			$	(2,503)					$	181,901					$	(822)					$	15,712					$	(3,325)					$	197,613

Computation of Weighted Average Yield using Coupon on the Fair Value

The following tables present the fair value of investment securities AFS and HTM by contractual maturity along with the associated contractual yield:

			At September 30, 2022
			Within one year												After one year through five years												After five years through ten years												After ten years												Total
(dollars in thousands)			Fair Value						Weighted Average Yield						Fair Value						Weighted Average Yield						Fair Value						Weighted Average Yield						Fair Value						Weighted Average Yield						Fair Value						Weighted Average Yield
AFS
Municipal bonds			$	1,112					3.94		%				$	5,394					2.24		%				$	56,905					3.36		%				$	364,786					2.74		%				$	428,197					2.82		%
Corporate debt securities			—						—		%				5,321						3.44		%				28,441						4.39		%				—						—		%				33,762						4.25		%
U.S. Treasury securities			—						—		%				—						—		%				19,827						1.10		%				—						—		%				19,827						1.10		%
Agency debentures			4,004						4.33		%				—						—		%				—						—		%				—						—		%				4,004						4.33		%
Total			$	5,116					4.24		%				$	10,715					2.82		%				$	105,173					3.19		%				$	364,786					2.74		%				$	485,790					2.85		%
HTM
Municipal bonds			$	641					3.47		%				$	2,357					2.00		%				$	—					—		%				$	—					—		%				$	2,998					2.30		%

			At December 31, 2021
			Within one year												After one year through five years												After five years through ten years												After ten years												Total
(dollars in thousands)			Fair Value						Weighted Average Yield						Fair Value						Weighted Average Yield						Fair Value						Weighted Average Yield						Fair Value						Weighted Average Yield						Fair Value						Weighted Average Yield
AFS
Municipal bonds			$	4,933					3.79		%				$	14,366					3.26		%				$	68,025					3.60		%				$	452,599					3.23		%				$	539,923					3.28		%
Corporate debt securities			—						—		%				6,563						3.60		%				13,053						5.03		%				—						—		%				19,616						4.55		%
U.S. Treasury securities			—						—		%				—						—		%				23,175						1.27		%				—						—		%				23,175						1.27		%
Total			$	4,933					3.79		%				$	20,929					3.37		%				$	104,253					3.23		%				$	452,599					3.23		%				$	582,714					3.24		%
HTM
Municipal bonds			$	1,684					2.86		%				$	2,621					2.12		%				$	—					—		%				$	—					—		%				$	4,305					2.42		%

Schedule of Sales of Investment Securities

Sales of AFS investment securities were as follows:

			Quarter Ended September 30,												Nine Months Ended September 30,
(in thousands)			2022						2021						2022						2021
Proceeds			$	74,399					$	—					$	75,361					$	28,187
Gross gains			1,334						—						1,405						288
Gross losses			(1,381)						—						(1,381)						(226)

Carrying Value of Securities Pledged as Collateral

The following table summarizes the carrying value of securities pledged as collateral to secure public deposits, borrowings and other purposes as permitted or required by law:

(in thousands)			At September 30, 2022						At December 31, 2021
Washington, Oregon and California to secure public deposits			$	220,689					$	206,153
Other securities pledged			2,053						5,258
Total securities pledged as collateral			$	222,742					$	211,411

X

- References

No definition available.

+ Details

Name:	hmst_ComputationOfWeightedAverageYieldUsingCouponOnFairValueTableTextBlock
Namespace Prefix:	hmst_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-URI https://asc.fasb.org/topic&trid=2196928

+ Details

Name:	us-gaap_DebtSecuritiesAvailableForSaleTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information about investment in debt security measured at amortized cost (held-to-maturity).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 5B
-URI https://asc.fasb.org/extlink&oid=126970911&loc=SL120269825-111563

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 5A
-URI https://asc.fasb.org/extlink&oid=126970911&loc=SL120269820-111563

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=126970911&loc=d3e27232-111563

+ Details

Name:	us-gaap_HeldToMaturitySecuritiesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financial instruments held by the entity for its own account for trading or investment purposes that are carried at fair value and pledged to counterparties as collateral for financing transactions. Description may include equity, fixed income, debt or other securities.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 30
-Section 45
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=66007379&loc=d3e113888-111728

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
-SubTopic 30
-Section 50
-Paragraph 1A
-URI https://asc.fasb.org/extlink&oid=109249958&loc=SL6224234-111729

+ Details

Name:	us-gaap_ScheduleOfFinancialInstrumentsOwnedAndPledgedAsCollateralTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the proceeds from sales of available-for-sale securities and the gross realized gains and gross realized losses that have been included in earnings as a result of those sales.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 9
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126970911&loc=d3e27357-111563

+ Details

Name:	us-gaap_ScheduleOfRealizedGainLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 6
-URI https://asc.fasb.org/extlink&oid=126970911&loc=d3e27290-111563

+ Details

Name:	us-gaap_ScheduleOfUnrealizedLossOnInvestmentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration